Chilean copper company Codelco should increase its profits to $2.8 billion this year thanks to improved productivity and good prices, although the company does not expect to receive capital from the government, its top executive told local media. The president of the firm's board of directors, Juan Benavides, said that cost containment continues to be a main focus. Last year's profit at the state-run company was about $2.1 billion, before taxes and extraordinary items.
The 6% growth outlook for the Chinese economy is favorable for Chile. In fact, the Chinese economic recovery allowed Chilean exports to China to rise 8.5% in January, reaching $3.7 billion. This figure represents 47.3% of total Chilean exports in that month.
The fiscal cost of the announced modifications to the employment subsidy is estimated at about $415 million. The complete program of employment subsidies announced in September of last year contemplates resources of close to $2.3 billion.
The Treasury, Economy and Enterprise System (SEP) teams defined 41 public investment projects that may be expedited in 2021. The SEP companies (excluding Metro) project "reactivating" investments for 2021 for Ch$257.2 billion ($350.8 million) that will generate 63,929 jobs. Of these, EFE represents Ch$210.2 billion ($286.7 million), the Port Companies Ch$27.5 billion ($37.5 million) and the Service Companies Ch$19.5 billion ($26.6 million).
the governments of Quito and Asunción said they received 20,000 doses each from the Chilean government of those manufactured by the Chinese pharmaceutical company Sinovac, aimed at immunising health personnel. Chilean President Sebastián Piñera said that the donation does not affect the inoculation plan that the South American country has secured. Chile has 36 million vaccines insured to continue in its vaccination plan, that has already reached more than 4 million inhabitants of the nation.